ArcelorMittal Subsidiary Increases by $250M the Size of Its $750M Privately Placed Mandatory Convertible Bond

ArcelorMittal (NYSE: MT) announced earlier today the increase by $250m of its $750m privately placed mandatory convertible bond issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 27 September 2011.